National average price for diesel drops 2.8 cents to $4.149 a gallon

| 5/5/2008

The national average price for diesel dropped slightly this past week – 2.8 cents – to average $4.149 a gallon, the U.S. Energy Information Administration reported Monday, May 5. However, the average price for diesel is still up $1.357 compared with the same week of 2007.

Eight of the nine EIA regions reported slight decreases in the cost of diesel, except the Rocky Mountain region, which reported an increase of 1.6 cents a gallon to average $4.159.

The Lower Atlantic region experienced the greatest decrease of 3.6 cents to an average of $4.133 this past week. The East Coast region’s average dropped 3.2 cents to $4.218, while the Central Atlantic region reports a decrease of 3 cents a gallon to average $4.351.

Even with the decrease in the price of fuel in the Central Atlantic region, the cost for a gallon of diesel is still the second-highest of all of the regions.

The Midwest and Gulf Coast regional averages decreased 2.8 cents a gallon, putting the average at $4.116 in the Midwest and at $4.088 a gallon in the Gulf Coast region.

The New England region is reporting a nine-tenths of a cent decrease to an average of $4.337 a gallon, while diesel prices have dropped a penny on the West Coast to put the weekly average at $4.313 a gallon.

The California region, which showed a decrease of eight-tenths of a cent, still ranks first in the highest cost for a gallon of diesel, averaging $4.382 a gallon.